Log In
Sign Up

Car Loans for You

It's quick and easy to find the best car loans in Canada with Borrowell! See recommended loans for you based on your credit profile.

Compare Car Loans
Car Loans Hero

What Type of Loan Are You Looking For?

Finally, time to upgrade your car? We'll help find the best car loan for you based on your unique credit profile.

Sign up, get your free credit score and we'll analyze your profile to show you personal loan offers.

Quick & Easy Loan Process

Sign up with Borrowell in just under three minutes

Sign Up & Get Your Score

Sign up and get your free Equifax credit score in just 3 minutes. Your credit score is updated on a weekly basis, and checking your score won't hurt it!

Check offers and select your personal loan offer.

Check Rates & Choose Your Offer

Your credit profile is automatically matched with the best loan products for you. Select your offer and complete the online application through the platform.

Get Your Money from personal online loans within 48 hours

Get Your Money

Once you are approved through loan partners, you can usually get access to funds in a matter of days.

Car Loan FAQs

630 is the typical credit score needed for a car loan. When you're applying for a car loan, you'll qualify for the best rates from lenders if your credit score is above 630.

If you have below average credit between 575 and 630, your car loan options may be more limited. If you have poor credit below 575,  you’ll have trouble getting approved for regular car loans. You may need to find a lender that specializes in working with individuals with poor credit. 

You can use Borrowell to find lenders that match your credit profile, even if your credit score is below 630.

Yes, a car loan can help your credit score. Three main factors that impact your credit score are your payment history (your ability to pay bills on time), your credit history (how long you've had credit accounts open for), and your credit mix (the different types of credit accounts you have open). Managing a car loan responsibly can help you demonstrate a strong payment history, build a long credit history, and diversify your credit mix.

Join Over 3 Million Borrowell Members

  • Harneet Profile Picture

    Harneet S


    5 Stars

    Awesome! I've been using @Borrowell for quite some time. Amazing concept.

    Twitter icon
  • Rebecca Lee Profile Picture

    Rebecca L


    5 Stars

    Just checked my credit score w/ @Borrowell and the best part was that they used emojis! Such fun! So exciting!

    Google Badge
  • Profile Picture - African American Female

    Sam V.


    5 Stars

    Just checked my credit score using Borrowell for FREE and without affecting my score! Gotta love Canadian startups.

    Twitter icon

Learn More On Our Blog

Personal loan vs line of credit

Personal Loan vs. Personal Line of Credit: What’s the Difference?

A personal loan and a personal line of credit are both useful borrowing options, but they work differently.

Jessica Martel

Jan 16, 2023

Read More

How personal loans impact your credit

A personal loan can help you improve your credit score if you manage your payments properly.

Kate Smalley

Dec 07, 2021

Learn More

auto loan refinance

Refinancing a car loan can help secure a lower interest rate and reduce your monthly payments, but how does refinancing affect your credit score?

Karen Stevens

Dec 19, 2022

Read More

Still have questions?

We have answers on our FAQ Help page.

Get Answers